MOUNTAIN VIEW, CA--(Marketwire - Dec 20, 2012) - Adaptive Planning, the worldwide leader in cloud-based corporate performance management (CPM) and business intelligence (BI) solutions for companies and nonprofits of all sizes, today announced that the American Academy of Physician Assistants (AAPA), the national professional society for over 85,000 physician assistants, selected Adaptive Planning to provide line managers with real-time access to data, robust dashboards, and advanced reporting capabilities.
The AAPA was operating on a static Excel-based budget. Managers were frustrated because they could not make changes easily and did not have real-time access to information. When Shyam Desigan, CFO and Sr. VP of IT, AAPA, joined the organization he brought with him his expertise with Adaptive Planning from a previous organization. He had specific goals of operational processes he wanted to transform and knew that he needed the right technology platform to deliver on those goals.
"When I arrived at AAPA, the Excel-based budgeting process was very manually intensive and error prone," said Desigan. "Along with the transformation of the budgeting and monthly reporting process, the centralization of enterprise data and ability to view timely and accurate dashboards with KPI's was a high priority for me."
In three weeks, the AAPA rolled out Adaptive Planning to users across the organization, including the finance group, department heads and the executive team. In addition, they established a connector to their Microsoft Dynamics SL ERP system. Now the finance group has instituted enterprise-wide collaboration in their planning process. In addition, they have dramatically improved their ability to conduct continuous forecasting and run what-if scenarios.
"The user feedback has been phenomenal because it gives line managers a better handle on their business," confirms Desigan. "Utilizing the new visual discovery solution to drill into transaction level details ensures that line managers can really understand the results and better comprehend the information. It is a fantastic business intelligence tool that has transcended its initial role as an FP&A solution to become our decision support system for the broader organization."
"We are happy to see our customers take full advantage of all the product capabilities offered by Adaptive Planning," said Greg Schneider, VP Marketing, Adaptive Planning. "The team at the AAPA are visionary financial leaders who are utilizing modern, cloud-based corporate performance management and business intelligence solutions to measure, monitor and take action on real-time data and analysis."
About the American Academy of Physician Assistants
Founded in 1968, the American Academy of Physician Assistants is the national professional society for physician assistants. It represents a profession of over 86,500 certified PAs across all medical and surgical specialties in all 50 states, the District of Columbia, the majority of the U.S. territories, and within the uniformed services. AAPA advocates and educates on behalf of the profession and the patients PAs serve. It works to ensure the professional growth, personal excellence and recognition of physician assistants and to enhance their ability to improve the quality, accessibility and cost-effectiveness of patient-centered healthcare. Visit www.aapa.org to learn more.
About Adaptive Planning
Adaptive Planning is the worldwide leader in cloud-based corporate performance management (CPM) and business intelligence (BI) solutions for companies and nonprofits of all sizes. The company's software as a service (SaaS) platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Planning enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.
Adaptive Planning is used by over 1,500 organizations worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. The company is the 5th fastest growing software company in Silicon Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in 65 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with over 300 worldwide partners including Armanino McKenna, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Planning as the NetSuite Financial Planning module. Adaptive Planning is headquartered in Mountain View, Calif. and is funded by Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.